Thursday 26 December 2013

Department couldn't seek reversal of credit if duty was paid bona fidely on activity not amounting t

CENVAT : If duty is paid bona fide on an activity not amounting to manufacture and said assessment has been accepted (being neither reversed by Department nor claimed as refund by assessee), availment of Cenvat credit by assessee cannot be faulted and Department cannot seek reversal of credit


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